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Monthly Archives: August 2017
French Total to Buy the Oil and Gas Business of Maersk
French energy major Total announced that it has struck a deal to buy the oil and gas exploration and production business of the Danish company AP Moller-Maersk for $7.45 billion. Continue reading
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A Huge Gas Well Discovered by Oil Giant BP in New Mexico
The London-based oil giant BP made an announcement In the first week of August 2017 that it has started the commercial production of gas from a gas well called as NEBU 602 Com 1H, in New Mexico’s Mancos shale, near Colorado border in San Juan basin. Continue reading
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China’s Natural Gas Consumption Shows Rampant Growth
The International Energy Agency last month has released some amazing facts and figures about China’s natural gas consumption growth pattern. It says China will account for almost 40% of the global annual growth of natural gas demand in the coming five years. Continue reading
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Rising US Natural Gas Output Challenges Russia’s hold In the European Market
The Energy Information Administration sees the gas output in the United States to be approximately 77.34 billion cubic feet a day in the year 2018, which is up by 1.2% than its earlier estimate of 76.42 billion cubic feet. Continue reading
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Australia to Generate Power From Gas Flaring
Gas flaring has been a major problem worldwide and world bank has asked all the nations to address it on priority. The “Zero Routine Flaring by 2030” initiative was launched in April 2015, by the United Nations Sec.-Gen. Ban Ki-moon, World Bank Pres. Jim Yong Kim. Continue reading
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